Solve the Problem Using the Elimination Method $\$ 229,000$ How Many People Paid

question 63

Multiple Choice

Solve the problem using the elimination method.
-There were 38,000 people at a ball game in Los Angeles. The day's receipts were $\$ 229,000$ . How many people paid $\$ 11$ for reserved seats and how many paid $\$ 4$ for general admission?

• A) 19,250 paid \(\$ 11\) and 18,750 paid \(\$ 4\)
• B) 27,000 paid \(\$ 11\) and 11,000 paid \(\$ 4\)
• C) 18,750 paid \(\$ 11\) and 19,250 paid \(\$ 4\)
• D) 11,000 paid \(\$ 11\) and 27,000 paid \(\$ 4\)

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Definitions:

Direct Labor Dollars

The total amount of money spent on wages for employees who directly work on manufacturing a product or providing a service.

Traditional Absorption Costing

A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Multi-Product Organization

A company that produces and sells more than one type of product, often requiring complex management of resources and market strategies.

Single Product Organization

A business structure focused on the production and sale of one specific type of product.